Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,370 shares of the industrial products company's stock after selling 612 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Parker-Hannifin were worth $17,408,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter worth $25,000. Prestige Wealth Management Group LLC lifted its position in Parker-Hannifin by 83.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 25 shares during the period. Bank of New Hampshire acquired a new position in Parker-Hannifin during the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $40,000. Finally, Hager Investment Management Services LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter worth approximately $44,000. Institutional investors own 82.44% of the company's stock.
Parker-Hannifin Stock Up 1.4 %
NYSE:PH traded up $8.83 during trading hours on Tuesday, reaching $651.41. 903,371 shares of the stock were exchanged, compared to its average volume of 642,722. The stock has a market cap of $83.85 billion, a PE ratio of 26.96, a PEG ratio of 2.85 and a beta of 1.50. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The firm has a 50 day moving average of $660.71 and a 200 day moving average of $653.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.
Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. On average, equities analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.
Parker-Hannifin Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, February 7th. Parker-Hannifin's dividend payout ratio is currently 26.99%.
Analyst Ratings Changes
Several analysts have commented on PH shares. StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Evercore ISI increased their target price on Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Barclays decreased their target price on Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Wolfe Research upgraded shares of Parker-Hannifin from a "peer perform" rating to an "outperform" rating and set a $786.00 price target on the stock in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $689.00 to $691.00 and gave the company a "hold" rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $736.65.
Check Out Our Latest Analysis on Parker-Hannifin
Parker-Hannifin Company Profile
(
Free Report)
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
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